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Investors yank almost $400m from China funds as coronavirus spreads

Outflows end a positive run for Chinese equity funds, which until 27 January had pulled in around $3.3bn net

Medical workers wearing protective masks gather during a protest outside the Hospital Authority's head office in Hong Kong, China, on Tuesday, Feb. 4, 2020
Medical workers wearing protective masks gather during a protest outside the Hospital Authority's head office in Hong Kong, China, on Tuesday, Feb. 4, 2020 Photo: Getty Images

Weekly flows into Chinese equity funds have turned negative for the first time in 2020, with investors spooked by the escalating coronavirus outbreak pulling almost $400m from stocks.

Figures from EPFR, a data provider, show a net $387m was withdrawn from Chinese equity funds between 27 January and 31 January as the deadly virus — which has killed more than 420 people and infected another 20,000 — took hold.

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